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Can i claim deduction under section 80ee
My client has taken a joint loan of Rs. 24 lakhs for purchase of a flat which is under construction on october 2013. The cost of flat is Rs. 38 lakhs. They dont have any other residential property in their name. Can they claim deduction u/s 80EE since the loan is taken for a under construction flat and who will be allowed a deduction?
Thank you
Replies (3)
yes you can claim deduction as all the conditions are satisfied....but make sure that loan was sanctioned between 1 april 2013 to 31 march 2014 and it should be taken from financial institution or housing finance company
Yes deduction will be allowed as all the condition are satisfying provided loan has been taken between 1.4.13 to 31.3.14. Subject to max 1,00,000
agree with above answers.
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